Tributary Short-Intermediate Bond Fund Institutional Plus (FOSPX)
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Tributary Short-Intermediate Bond Fund Institutional Plus Profile
| NASDAQ Exchange | US Country |
Overview
The fund, advised by First National Fund Advisers, is designed to prioritize investments in fixed income securities, committing the majority, if not all, of its net assets towards such financial instruments. It is adamant about allocating at least 80% of its assets, in addition to any borrowed funds for investment purposes, into these securities. The fund has a clear focus on debt securities that are deemed to possess a high level of credit quality, specifically targeting those rated within the four highest credit categories by recognized statistical rating organizations. These categories include AAA, AA, A, and BAA, or their equivalent. For securities that are not rated, the fund relies on the discernment of its sub-adviser to deem these as comparable in quality to the rated securities it typically invests in.
Products and Services
- Investment in Fixed Income Securities:
The core offering entails predominantly investing in fixed income securities, applying a strategic focus to ensure that the majority of the fund's net assets are allocated towards such investments. This dedication underscores a commitment to generating returns through debt instruments.
- High Credit Quality Debt Securities Investment:
A significant aspect of the fund's investment strategy involves concentrating on debt securities that are rated within the top four credit categories by at least one nationally recognized statistical rating organization. These investments are chosen based on their high credit quality, thereby aiming to minimize the risk while seeking to provide stable returns.
- Investment in Unrated Securities of Comparable Quality:
In the absence of an official rating, the fund has the flexibility to invest in debt securities that are deemed by First National Fund Advisers to be of comparable quality to the rated securities it targets. This approach ensures that the fund can explore a broader range of investment opportunities without compromising on the quality of the securities.
